Results 28,301-28,320 of 35,959 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: I presume the figures are for the period to the end of December 2013, rather than June 2013, the date that appears in the document.

Leaders' Questions (9 Apr 2014)

Pearse Doherty: I am one of the members of the committee who is putting pressure on the banks. I do not get up in the morning to come to the Houses of the Oireachtas in order to be misled or lied to by senior bankers, as is happening in committee room 4. I have just come from a meeting with representatives of Permanent TSB, whom I asked about the bank's split mortgage product. They said they do not charge...

Leaders' Questions (9 Apr 2014)

Pearse Doherty: The CEO of Bank of Ireland is paid an obscene salary from a bank that has only been saved because of the sacrifices of the Irish taxpayer. We know the total package is €843,000. Bank of Ireland exists only because it was bailed out by citizens of this State. The cost incurred by the taxpayer has been immense. Despite all the hardships endured by ordinary hard-working people across...

Leaders' Questions (9 Apr 2014)

Pearse Doherty: On foot of a freedom of information request to the Department of Finance, I received a copy of the advice given to the Minister in respect of last year's AGM. It was clear that his officials did not want him to vote for the remuneration package of the CEO of Bank of Ireland. They said it would be inappropriate given that he had not received responses on the Mercer report. The Taoiseach...

Leaders' Questions (9 Apr 2014)

Pearse Doherty: What sort of signal does it send to those who were crippled by the Minister's austerity policies?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: In regard to court proceedings, we saw from the figures presented by the financial institutions that Permanent TSB was probably the bank that used legal proceedings least. Half of some of the other banks' proposals involved legal proceedings or assisted voluntary sales. These figures referred to quarter four. However, Permanent TSB has now provided us with the figures for quarter one of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: As a financial institution, Permanent TSB has obviously looked at the figures and done the financial calculations regarding the expected number of people who will re-engage and how many people it can offer solutions to. Based on those estimates, how many properties will Permanent TSB repossess in 2014?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: Will it reach 1,000 this year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: Is that because of the lengthy process for a repossession?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: In regard to repossessions, has the Central Bank raised any issue with Permanent TSB in terms of the scale of repossessions? The figure for the most recent quarter for those against whom legal action or court proceedings have been initiated is 154 per week and there has been a ramping up of letters advising of legal action. Has the Central Bank given any advice or expressed any caution? ...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: Was there any concern raised regarding the scale of threats of repossession?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: In regard to Permanent TSB's split mortgage proposal, the figure on which is 7,250, the bank charges interest on the warehouse portion. What is the interest rate on that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: What about on buy-to-let properties?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: In regard to the proposal for a split mortgage, Mr. O'Sullivan has said that a customer must show the ability to pay back at the end of the period. Is the proposed solution in the majority of cases that the house will be sold at the end of the term?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: In regard to the split mortgages, what is the take-up on the split offers proposed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: What is the take-up in regard to assisted voluntary sales?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: It was mentioned there is a pilot project in regard to dealing with the residual amount. I have put forward a piece of legislation, which will come before the House on Friday, which will force the banks to deal with that at the repossession stage. It should also be the case that the bank deal with the residual amount where it is looking for an assisted bond for sale. I am aware of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: I welcome Mr. Masding and his colleagues to the committee. I also welcome the fact they have attracted new deposits to the bank while reducing some of the ratios bearing down on it. They have a difficult job which is not made any easier by the fact the bank still seems to be in limbo, not knowing which way it will end up. There has been much speculation about mergers with Ulster Bank and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: That is to be welcomed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Pearse Doherty: If you let me finish, that is where I am going down. I have not even named anyone. You are eating into my time.